- ISIN
- US46139W7911
- CUSIP
- 46139W791
- Issuer
- Invesco
- Inception Date
- Sep 20, 2023
- Region
- North America (U.S.)
- Category
- Municipal Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- Invesco BulletShares USD Municipal Bond 2033 Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $133M
Highlights
- Avg. Volume (1M)
- 27K
- Avg. Volume Value (1M)
- $692.43K
Share Price Chart
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Performance
BSSX Performance Chart
Invesco BulletShares 2033 Municipal Bond ETF (BSSX) is down 0.3% since the beginning of the year. BSSX is currently trading at $25 per share.
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Returns By Period
Invesco BulletShares 2033 Municipal Bond ETF (BSSX) has returned -0.34% so far this year and 5.73% over the past 12 months.
Invesco BulletShares 2033 Municipal Bond ETF
- 1D
- 0.17%
- 1M
- -1.49%
- 6M
- -0.79%
- YTD
- -0.34%
- 1Y
- 5.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.77%
Benchmark (S&P 500 Index)
- 1D
- 0.05%
- 1M
- 0.74%
- 6M
- 7.18%
- YTD
- 8.28%
- 1Y
- 16.02%
- 3Y*
- 17.51%
- 5Y*
- 10.93%
- 10Y*
- 13.07%
- ALL TIME*
- 8.07%
BSSX Monthly Returns History
Based on dividend-adjusted daily data since Sep 20, 2023, BSSX's average daily return is +0.02%, while the average monthly return is +0.32%. At this rate, an investment would double in approximately 18.1 years.
Historically, 60% of months were positive and 40% were negative. The best month was Nov 2023 with a return of +7.5%, while the worst month was Mar 2026 at -2.8%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 5 months.
On a daily basis, BSSX closed higher 54% of trading days. The best single day was Nov 17, 2023 with a return of +4.9%, while the worst single day was Feb 23, 2024 at -4.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.55% | 1.43% | -2.82% | 1.45% | 0.06% | 0.85% | -1.78% | -0.34% | |||||
| 2025 | 0.02% | 1.64% | -2.54% | -1.17% | 0.25% | 0.83% | -0.86% | 1.14% | 2.48% | 1.38% | 0.25% | 0.42% | 3.79% |
| 2024 | -0.03% | -0.18% | -0.49% | -1.75% | -0.70% | 2.08% | 1.06% | 0.56% | 0.85% | -1.74% | 1.88% | -1.53% | -0.09% |
| 2023 | -2.32% | -1.64% | 7.54% | 4.04% | 7.50% |
Benchmark Metrics
Invesco BulletShares 2033 Municipal Bond ETF has an annualized alpha of 3.12%, beta of 0.05, and R2 of 0.01 versus S&P 500 Index. Calculated based on daily prices since September 20, 2023.
- This ETF participated in 47.20% of S&P 500 Index downside but only 24.74% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.05 may look defensive, but with R2 of 0.01 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.01 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.12%
- Beta
- 0.05
- R²
- 0.01
- Upside Capture
- 24.74%
- Downside Capture
- 47.20%
Expense Ratio
BSSX has an expense ratio of 0.18%, which is considered low.
Return for Risk
Risk / Return Rank
BSSX ranks 67 for risk / return — better than 67% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Invesco BulletShares 2033 Municipal Bond ETF (BSSX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BSSX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.24 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.75 | 1.82 | -0.07 |
| Martin ratioReturn relative to average drawdown | 5.23 | 7.79 | -2.56 |
Dividends
Dividend History
Invesco BulletShares 2033 Municipal Bond ETF provided a 3.35% dividend yield over the last twelve months, with an annual payout of $0.85 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.85 | $0.85 | $0.85 | $0.25 |
Dividend yield | 3.35% | 3.27% | 3.29% | 0.95% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco BulletShares 2033 Municipal Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.50 | |||||
| 2025 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.08 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.85 |
| 2024 | $0.07 | $0.07 | $0.06 | $0.07 | $0.07 | $0.07 | $0.08 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.85 |
| 2023 | $0.09 | $0.08 | $0.08 | $0.25 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco BulletShares 2033 Municipal Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco BulletShares 2033 Municipal Bond ETF was 8.12%, occurring on Apr 11, 2025. Recovery took 187 trading sessions.
The current Invesco BulletShares 2033 Municipal Bond ETF drawdown is 2.34%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-8.12%Apr 2025 | 1y 1mo | 9mo 3d | 1y 10moFeb 2024 - Jan 2026 | 2025 selloff2025 |
-4.26%Nov 2023 | 4d | 20d | 24dNov 2023 - Dec 2023 | — |
-4.04%Oct 2023 | 1mo 5d | 19d | 1mo 24dSep 2023 - Nov 2023 | — |
-3.28%Mar 2026 | 28d | — | 4mo 29dFeb 2026 - now | — |
-1.98%Feb 2024 | 11d | 9d | 20dFeb 2024 - Feb 2024 | — |
Drawdown Indicators
| BSSX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.12% | -56.78% | +48.66% |
Max Drawdown (1Y)Largest decline over 1 year | -3.28% | -9.10% | +5.82% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -2.34% | -2.60% | +0.26% |
Average DrawdownAverage peak-to-trough decline | -3.15% | -10.70% | +7.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.10% | 2.12% | -1.02% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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